The S&P 500 is now down less that 8% ytd. The NASDAQ is actually up. Not many would have predicted this a month ago, so the whole thing does and should feel like a victory. If you're inclined to be uneasy at the amount of government that is the underpinning of this recovery, go right ahead.
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Best Buy was up 12.5% yesterday. Reported earnings were down but not as bad as expected. Revenue held up pretty well. Best Buy is a winner and continues to gain share, especially share of the profit pool in consumer electronics. Sure, Circuit City folded, but they did so as much because of Best Buy as anything else. Buy winners.
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Best Buy was up 12.5% yesterday. Reported earnings were down but not as bad as expected. Revenue held up pretty well. Best Buy is a winner and continues to gain share, especially share of the profit pool in consumer electronics. Sure, Circuit City folded, but they did so as much because of Best Buy as anything else. Buy winners.
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I need to head into New York. Hopefully I'll have something intelligent to say this weekend.
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